Wizz Air shares drop after posting profit decline, guidance unchanged By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Should l Buy ?
Source: Investing.com
Wizz Air's Financial Performance: Wizz Air reported a 21.3% decline in net profit to €315 million for the half-year, falling short of the consensus average of €332 million, while operating profit dropped by 33.2% year-on-year due to rising costs.
Future Outlook and Guidance: The airline maintains its full-year FY25 net profit guidance between €350 million and €450 million, with expectations for increased unit costs but a decrease in fuel costs; demand remains strong, supporting revenue growth prospects.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
